R67-DRESOLUTION NO. 67-D
WHEREAS, duly designated officials of the City of Boynton Beach,
are authorized, pursuant to the provisons of Section 665.43 Florida
Statues, to invest municipal funds in Federal Savings and Loan Associa-
tion accounts to enable said municipality to receive the highest interest
rates obtainable in accordance with sound fiscal practice; and
WHEREAS, in connection with the investment of such funds, it is
necessary that sufficient Custodians and Trustees be designated and
appointed to so invest such funds in independent accounts in order to
guarantee that same are fully insured in accordance with Federal Deposit
Insurance Corporation requirements;
NOW~ THEREFORE, be it resolved by the City Council of the
CITY OF BOYNTON BEACH, FLORIDA:
1. That the City Treasurer, R. B. Carrier, is hereby designated
and appointed as Custodian and Trustee of the CITY OF BOYNTON BEACH,
GENERAL FUND TRUST ACCOUNT, and the CITY OF BOYNTON BEACH METER DEPOSIT
TRUST FUND ACCOUNT; that the City Finance Director, O. R. Wallace, is
hereby designated and appointed as Custodian and Trustee of the CITY OF
BOYNTON BEACH SELF-INSURANCE TRUST FUND ACCOUNT, and the CITY OF BOYN
BEACH RESERVE FOR DISASTER TRUST FUND ACCOUNT; that Acting City Manager,
Robert E. Carnahan, is hereby designated and appointed as Custodian and
Trustee of the CITY OF BOYNTON BEACH CEMETERY TRUST FUND ACCOUNT.
A. That the above designated Custodians and Trustees are hereby
authorized to open and maintain investment savings accounts in all or
any of the following associations: FIRST FEDERAL SAVINGS AND LOAN
ASSOCIATION OF WEST PALM BEACH: WEST PALM BEACH FEDERAL SAVINGS AND LOAN
ASSOCIATION: HOME FEDERAL SAVINGS AND LOAN ASSOCIATION OF PALM BEACH:
PEOPLES FEDERAL SAVINGS AND LOAN ASSOCIATION OF LAKE WORTH; FIRST FEDERAL
SAVIN,qS AND LOAN ASSOCIATION OF LAKE WORTH; and FIRST FEDERAL SAVINGS
AND LOAN ASSOCIATION OF DELRAY BEACH; that deposits and withdrawals from
said accounts shall be made by said Custodians and Trustees as funds
are available or needed, for the municipal uses for which subject account
were established.
PASSED AND ADOPTED ~his
day of
A.D. 1967.
(Seal)
CITY OF BOYNTON BEACH, FLORIDA
Mayor
Councilman
CO~nci~afi - (~. .
Councilman
Attest: ~~' [/~//
City Clem~
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